I have Studio 12 Plus, it came with my first DV camera 7 yrs ago and I have upgraded a few times. Studio 12 seems to have most of the features everyone talks about, I think the only one it does not have is the layers but there is a work around for that.
I'm something of an underdog. I use Magix™ Movie Edit Pro 14 Plus. I consider it a Pro-sumer editor. Better than any consumer editor on the market but not quite a full blown pro editor. For the money it will do just about anything you could want. It is by no means a toy.
It has a great key frame editor and a good green screen key. I have found it is very stable and even if you have a crash it will save your work. The only dislike I have is though it will key alpha stills it has to have a separate alpha element to key alpha video. That isn't an issue since most of my alpha elements are Digital Juice and the "Juicer" will create the separate alpha version of the clip for me.
I use it because years ago i started with Magix™ Video Deluxe 2.0 and stayed with it because i know the system and it's comfortable to me. I guess i just don't want to go through the learning curve of another editor when I don't have to, MEP14+ does what I need and more.
For me, that is the point. Find an editor that you are comfortable with and use it.
If you are looking for a low cost but powerful editor you may want to check it out.
J.
I learned Avid at Santa Clara university and I love what it can do without having to go to other programs but it does have it limits; for smaller quicker projects I edit with Adobe Premiere Pro 1.5 and I love it- the only down fall it has is audio editing, but it does great, easy and quick green screen work.
We use Final Cut Studio, Motion 3, Adobe Creative Suite CS3, we edit audio in Cool Edit Pro 2 and Soundtrack Pro. If we need stills we work with Photoshop CS3.
I use Avid Liquid 7.2 Pro, Adobe After Effects 7, Adobe Photoshop7.0, Bluff Titler, Sony Acid Pro 6.0, Sony Sound Forge 6.0, and a variety of Plug-ins like Red Giant, Juice, etc. I am planning on migrating my backbone from Avid Liquid to Avid Media Composer in the some-what near future. I edit on a Sony Vaio with external HD's (1.25TB)...So far I have no complaints with Liquid, I just want to move up the steps so to speak. Very stable, dependable, auto-save, background rendering, chroma/luma keying is great, key frame capabilities like one expects...all good.
After Effects Production Premium (Photoshop CS2, After Effects 7, Premiere Pro CS2, Encore CS2, Illustrator CS2)
Sorenson Squeeze for encoding outside of CS2
Quicktime
PC & MAC (for mobile work)
I've tried them ALL and like Jay I find myself using Magix Movie Edit Pro 14. It is extremely versatile. Anything it can not do i accomplish with Adobe After Effects CS3
I actually use something called CyberLink Power Director. While not as robust as Premier, it is a great program for editing wedding and event videos, and outputting them into multiple formats. Very easy to use, lots of good effects and transitions.